Jan 1, 2013 9:00am EST
jackson's proe protesters are criticizing the banks, claiming predator lenders trick people into taking out unaffordable loans. but is that true? the federal reserve bank oflet und unaffordable loans are unlikely to be the reason borrowers default. >> if it's not predator lending, what might be? >> you walk away.com -- >> companies that incurrent people to walk away from commitments don't help. >> you walk away.com. this sounds like something dirty about that, walk away from responsibility. >> that's the myth in society, that there's this moral obligation to continue paying a mortgage. >> there is! >> there is no obligation. >> the cofounder calls it a strategic default. if your house is worth less than your mortgage, just stop paying. his web site adds, if you would like to live payment free for eight months or more and walk away without owing a penny. >> sounds like a scam but this is true. >> it's not a scam at all. it's legal. >> one of their clients stopped paying his mortgage. >> you could have afforded to stay there and pay the mortgage. >> well, and they -- >> you weren't broke.